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I have thought about building an algorithmic stable coin kind of like RAI but the problem is that actually defining and measuring a price level is the hard part
by imtringued 3y ago
I have thought about building an algorithmic stable coin kind of like RAI but the problem is that actually defining and measuring a price level is the hard part.
- constantcrying 3y agoDoing that on a nation state level means betting your economy on the algorithm always working correctly. You also have to be resilient to attacks on your currency and an algorithm gives your oppponent certainty on how you will react. You need human control at some point.